Small Business,
Big Problems
If
you are a small business owner, you probably spend
a lot of time worrying. Its perfectly understandable,
too. If youre the Big Boss, you find yourself
in the position of trying to be all things to all
people, and thats a lot to be concerned about.
Everyone wants an answer from youemployees,
vendors, clients, contractors, customers, and your
family.
High employee turnover
and the difficulty of finding reliable workers is
one of the major problems reported by small business
owners. Even when you use pre-hiring drug tests
and background checks, there always seem to be problem
employees, malcontents who like to make the
company out to be greedy and unfair, and of
course youre the main villain in the scenario.
Meanwhile, although
you may be painted as the bad guy or gal, youre
actually worrying about how much of a raise you
can afford to give employees while you continue
to obey all the workplace regulations of the Occupational
Safety and Health Administration and other government
bureaucracies, make sure you arent discriminating
against anyone who might sue you, and try to work
out the biggest bugaboo of allhealth insurance.
Then there are workers
compensation, unemployment compensation, and liability
insuranceto say nothing of payroll tax reports,
W-2s, 1099s, performance reports, and all the other
forms associated with employing and paying people.
Even though you delegate a lot of these responsibilities
to others, youre the one who makes the final
call and takes the big fall if someone doesnt
do their job.
Of course, you need
to leave some time to think about the economic aspects
of your business. Are you targeting the right market
with the correct strategies? Are you keeping up
with changing market conditions? Are your prices
in line? Too high? Too low? How can you compete
with the big-box stores? Youve got to read
reports that track your sales, measure your profit
margins, detail your inventory, explain your net
profit, and list your expenses. What about those
cash flow problems? Are you going to be able to
make the payroll and pay yourself this week? Has
that loan been approved?
If
youve got a business with trucks on the road
or other equipment, youve got maintenance,
safety, and insurance headaches to deal with. Office
equipment is another source of frustration. Sure,
its great that everything is done by computer
these daysbut what a mess it is when the person
inputting the data messes up or forgets to backup
important files. And speaking of computers, has
your web site been updated lately? How about your
virus protection?
The list of troubles
to be faced daily goes on and on. Vendors want to
be paid. Dissatisfied customers want refunds. Contractors
dont meet deadlines. The computer crashes.
As we said, small
business owners have a lot of worries. Spreading
themselves too thin inevitably leads to stress,
and in return stress can lead to depression, anxiety,
heart problems, and difficulties in personal relationships.
Spouses and children may complain, Youre
married to the business, or Youre
never home, and when you are youre so distracted
they cant get through to you anyway because
your mind is still at the office. Vacations?
Forget it. The small business owner is always on
call even if a short vacation can be managed.
The truth is, a lot
of small business owners wished they had never gone
into business at all. But what would they do if
they sold out? After all, theyre business
people. They love the idea of being part of the
business world, associating with other business
owners, and simply being part of the amazing free
enterprise system. But being your own boss is supposed
to be a dream-come-true, not a daily round of hassles.
Is it Time to
Re-evaluate?
If
youre a frustrated small business owner and
you feel trapped by many of these problems, you
may be looking for a new enterprise that will not
be so taxinga way to create a stable income
that still leaves you time for the very people youve
been working so hard for: yourself and your family.
Youve already proven that you can succeedand
if only it werent for all those annoyances
bogging you down, you can only imagine how much
more successful youd be.
There is an alternative
to a bricks-and-mortar business that robs your energy
and enthusiasm. According to a September, 2006,
report by the U.S. Census Bureau, about 49% of small
businesses today are home-based, and the number
is expected to continue rising. Why is a home-based
business so appealing to so many? To begin with,
most of the aggravations associated with storefront
businesses just arent there. Feelings of freedom
and peace reign in a comfortable home office environment.
There is time to spend with family.
As a home-based entrepreneur,
you will still be part of a viable business community
of like-minded individuals who will be happy to
network with you and who wont expect you to
be their caretaker. This frees you up to devote
your time to accumulating wealth for yourself and
your family, the people who matter most to you.
It costs nothing
to investigate this burgeoning business concept.
Simply fill in the web form to receive free, no-obligation
information on how a home-based business can give
you a whole new outlook on your business life.